Enerflex (EFX) jumped 11% after announcing a contract for 450 MW of natural gas-fired power generation units to support a data center project, which will add to its North American ES business (~50% of total)…

… and is supported by $100M of investments in facilities and capabilities.

The deal adds to a growing ES backlog that should get bigger, underpinned by EFX’s 7 GW opportunity pipeline for distributed power applications…

… which has a $15B tailwind from data center development…

… that could drive multiple expansion if the company can keep executing.

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